Checking the Overall Picture for Iconix Brand Group, Inc. (ICON)

Iconix Brand Group, Inc. (ICON) is an interesting player in the Consumer Goods space, with a focus on Textile – Apparel Footwear & Accessories. The stock has been active on the tape, currently trading at $1.75, up from yesterday’s close by 12.18%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Iconix Brand Group, Inc. (ICON) currently trades with a market capitalization of $100.94 Million. That value represents a market adjusting for revenues that have been falling by -12.06 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $35.97 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0 on a per share basis this quarter. Perhaps, that suggests something about why 8.92% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Iconix Brand Group, Inc. recorded a 52-week high of $9.78. It is now trading 8.03% off that level. The stock is trading $1.39 its 50-day moving average by -0.36%. The stock carved out a 52-week low down at $1.10.

In recent action, Iconix Brand Group, Inc. (ICON) has made a move of +42.28% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.35, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 24.94% with $50.34 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of ICON.

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